Non-major, Bankwest has announced “record-low” fixed rates for brokers across two of its popular home loan products.
Effective immediately, the two-year fixed rate has dropped 19 bps to 4.59% (comparison rate 5.34%) and the three-year fixed rate has dropped 10 bps 4.74% (comparison rate 5.35%) on the lender’s Complete Fixed Home Loan and Fixed Rate Home Loan products.
Bankwest Head of Retail Brokers, Ian Rakhit said the new rates reaffirm the bank’s ongoing support of the third party channel.
“This is our lowest fixed rate ever. I believe this is a truly outstanding offer, and when brokers consider they can be paid trail for all deals below 75% LVR in the first year, I am confident they will acknowledge that this further reinforces why Bankwest are great to do business with.”
These new rates will be available to 90% LVR including LMI.